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Currency Majors Technical Analysis

By Dec 18, 2007 07:00PM ET

www.investing.com/analysis/technical/currency-majors-technical-analysis-2939

By | Dec 18, 2007 07:00PM ET

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American Session

EUR/USD - Euro Dollar

1,4396. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a resistance below 1,4415.
=> We could take a short position at 1,4400. We will put the stop loss above 1,4430 (-30 pips). The targets are 1,4340 (+60 pips) 1,4250 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances

1,4405 - 1,4415 - 1,4450

Supports

1,4380 - 1,4340

USD/CAD - US Dollar Canadian Dollar

1,0063. USD CAD is in a range between 1,0010 and 1,0130. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.

Resistances

1,0090 - 1,0130

Supports

1,0040 - 1,0010

EUR/CAD - Euro Canadian Dollar

1,4488. EUR CAD is in an downtrend directed by 1H exponential moving averages. EUR CAD is in a consolidation after the last bearish movement. EUR CAD is in a range between 1,4415 and 1,4600. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4415 / 1,4600 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances

1,4530 - 1,4600

Supports

1,4450 - 1,4415

USD/JPY - Dollar Yen

113,09. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The consolidation should continue. The price should continue to move in 112,80 / 113,50 range. We won't take a position.

Resistances

113,15 - 113,55

Supports

112,80 - 112,40

GBP/JPY - British Pound Yen

226,59. GBP JPY broke 227,80 support. GBP JPY is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue to gather momentum. The price should find a support above 225,00 (160 pips).
=> We could take a short position at 226,60. We will put the stop loss above 227,30 (-70 pips). The targets are 225,00 (+160 pips) 224,00 (+260 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.

Resistances

227,00 - 227,80

Supports

226,30 - 225,00

Add a Comment

Daily Technical Strategy By Lloyds TSB Corporate Markets - Jan 05, 2009

EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...

Technical oscillators supporting the~bullish trend for the USD/CHF... By Finotec - Jan 05, 2009

USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...

January 06 analysis By Investija - Jan 05, 2009

In this PDF you will find the latest technical analysis published by Forex Trends

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1D1W1M6M1Y5YMax

US 30	40,430.3	-115.6	-0.29%
US 500	5,384.6	-12.0	-0.22%
Dow Jones	40,545.87	-1679.45	-3.98%
S&P 500	5,396.59	-274.38	-4.84%
Nasdaq	16,550.61	-1050.44	-5.97%
S&P 500 VIX	30.02	+8.51	+39.56%
Dollar Index	101.67	-1.82	-1.76%

Crude Oil WTI	66.66	-0.29	-0.43%
Brent Oil	69.81	-5.14	-6.86%
Natural Gas	4.136	+0.017	+0.41%
Gold	3,133.70	+12.00	+0.38%
Silver	31.920	-0.050	-0.16%
Copper	4.8103	-0.0015	-0.03%
US Soybeans	1,011.25	-0.75	-0.07%

U.S. 10Y	4.026	-0.031	-0.76%
U.S. 30Y	4.477	-0.007	-0.16%
U.S. 5Y	3.737	-0.022	-0.59%
U.S. 3M	4.301	+0.003	+0.07%
US 10Y T-Note	112.92	+0.28	+0.25%
Euro Bund	129.80	+0.72	+0.56%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	203.19	-20.70	-9.25%
NVIDIA	101.79	-8.64	-7.82%
Alphabet A	150.72	-6.32	-4.02%
Tesla	267.14	-15.62	-5.52%
Amazon.com	178.41	-17.60	-8.98%
Netflix	916.79	-18.73	-2.00%
Meta Platforms	531.60	-52.33	-8.96%

	Interest Rates	Next Meeting
FED	4.50%	May 07, 2025
ECB	2.65%	Apr 17, 2025
BOE	4.50%	May 08, 2025
SNB	0.25%	Jun 19, 2025
RBA	4.10%	May 20, 2025
BOC	2.75%	Apr 16, 2025
RBNZ	3.75%	Apr 09, 2025
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CBR	21.00%	Apr 25, 2025
RBI	6.25%	Apr 07, 2025
PBOC	3.10%
BCB	14.25%	May 07, 2025

Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

USD/CAD - US Dollar Canadian Dollar

EUR/CAD - Euro Canadian Dollar

USD/JPY - Dollar Yen

GBP/JPY - British Pound Yen

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